Big news in the world of Italian banks! UniCredit, a large bank, wants to buy Banco BPM, a smaller bank. They're asking their shareholders (people who own parts of the bank) to agree. This will involve creating new shares to pay for Banco BPM.
It's like buying a bigger toy by trading in your smaller toy plus some extra cash. The deal is happening sooner than expected!
UniCredit's offer means they want to pay a certain price for each share of Banco BPM. But the actual price of Banco BPM shares has changed a bit since the offer was made.
- UniCredit is offering to buy Banco BPM.
- They need to make new shares to pay for it.
- Shareholders will vote on the deal soon.
| Item | Value |
|---|---|
| UniCredit's offer (in euros) | 10 billion |
| Banco BPM's market value (in euros) | 13.7 billion |
| Maximum new UniCredit shares | 278 million |
